Facebook Profits Beat Expectations
Friday, 29 July 2016 - 10:56
Facebook has posted another exceptional quarter of growth, with profit up 186% from this time last year.
Facebook earned $2bn (£1.5bn) in the period from April to June, up from $719m in 2015.
Analysts had anticipated revenue of $5.8bn, but the company managed to beat even those high expectations bringing in $6.4bn in revenue.
Chief executive Mark Zuckerberg said the company was particularly pleased with the growth in video.
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